Park Hotels & Resorts (NYSE:PK) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Park Hotels & Resorts (NYSE:PK) from a sell rating to a hold rating in a report issued on Sunday morning.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Tuesday, February 3rd. Weiss Ratings lowered shares of Park Hotels & Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. Barclays assumed coverage on Park Hotels & Resorts in a research report on Tuesday, January 6th. They issued an “overweight” rating and a $13.00 price objective on the stock. Morgan Stanley set a $10.00 price objective on Park Hotels & Resorts in a research note on Friday, January 16th. Finally, Wells Fargo & Company decreased their target price on Park Hotels & Resorts from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday, December 1st. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Park Hotels & Resorts currently has an average rating of “Reduce” and an average price target of $11.27.

Park Hotels & Resorts Stock Performance

NYSE:PK opened at $11.31 on Friday. The business’s fifty day moving average is $11.16 and its 200 day moving average is $11.09. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of -7.91 and a beta of 1.40. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.34 and a current ratio of 1.34. Park Hotels & Resorts has a 52-week low of $8.27 and a 52-week high of $12.50.

Park Hotels & Resorts (NYSE:PK) last issued its earnings results on Thursday, February 19th. The financial services provider reported ($1.04) EPS for the quarter, missing the consensus estimate of $0.46 by ($1.50). Park Hotels & Resorts had a negative return on equity of 8.56% and a negative net margin of 11.14%.The company had revenue of $629.00 million during the quarter, compared to the consensus estimate of $621.79 million. During the same quarter in the prior year, the business earned $0.39 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2026 guidance at 1.730-1.89 EPS. Research analysts predict that Park Hotels & Resorts will post 2.11 EPS for the current year.

Park Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.25 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.00 annualized dividend and a yield of 8.8%. Park Hotels & Resorts’s payout ratio is -69.93%.

Insider Buying and Selling

In other news, Director Christie B. Kelly purchased 2,949 shares of the stock in a transaction on Wednesday, January 14th. The shares were acquired at an average price of $11.19 per share, for a total transaction of $32,999.31. Following the completion of the transaction, the director directly owned 150,501 shares of the company’s stock, valued at approximately $1,684,106.19. This trade represents a 2.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Park Hotels & Resorts

Institutional investors have recently modified their holdings of the company. Danske Bank A S purchased a new position in shares of Park Hotels & Resorts during the 3rd quarter valued at about $25,000. Parvin Asset Management LLC bought a new position in Park Hotels & Resorts during the second quarter valued at approximately $26,000. Bessemer Group Inc. raised its stake in shares of Park Hotels & Resorts by 359.3% during the second quarter. Bessemer Group Inc. now owns 3,082 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 2,411 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Park Hotels & Resorts during the third quarter worth approximately $34,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of Park Hotels & Resorts by 326.4% in the 3rd quarter. Clearstead Advisors LLC now owns 3,198 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 2,448 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc is a publicly traded real estate investment trust (REIT) specializing in luxury and upper-upscale hospitality properties. The company’s primary business activity involves owning and leasing premier hotels and resorts across major urban and resort destinations. Through long-term management and franchise agreements with leading hotel operators, Park generates revenue from room nights, food and beverage offerings, meetings and events, and ancillary services.

Since its spin-off from Hilton Worldwide in January 2017, Park Hotels & Resorts has assembled a diversified portfolio of more than 60 properties.